Banks

Company Overview of ALUBAF Arab International Bank B.S.C.

Company Overview

ALUBAF Arab International Bank B.S.C. (c) provides wholesale banking products and services to corporates, banks, investment companies, governments and semi-government entities, and public sector companies primarily in the Middle East and North Africa region. It offers various treasury products, including deposits and placements; spot and forward foreign exchange transaction services; and advising and enabling investment in fixed income securities or commercial papers issued by regional governments/corporates. The company also provides loans comprising working capital financing, pre-export/post-export financing, and project financing, as well as arranges and facilitates syndication deals; and...

ALUBAF Arab International Bank B.S.C. (c) provides wholesale banking products and services to corporates, banks, investment companies, governments and semi-government entities, and public sector companies primarily in the Middle East and North Africa region. It offers various treasury products, including deposits and placements; spot and forward foreign exchange transaction services; and advising and enabling investment in fixed income securities or commercial papers issued by regional governments/corporates. The company also provides loans comprising working capital financing, pre-export/post-export financing, and project financing, as well as arranges and facilitates syndication deals; and trade finance products, such as letters of credit, discounting of trade related commercial papers, letter of guarantees, and documentary bills. The company was incorporated in 1982 and is based in Manama, Bahrain. ALUBAF Arab International Bank B.S.C. (c) is a subsidiary of Libyan Foreign Bank.

ALUBAF Arab International Bank B.S.C. Key Developments

Alubaf Arab International Bank Reports Earnings Results for the Third Quarter and First Nine Months of 2014

Nov 11 14

Alubaf Arab International Bank reported earnings results for the third quarter and first nine months of 2014. For the quarter, net profit surged to $12.5 million, as compared to $11.8 million recorded in the same period last year.
For the nine months, the company reported net profit growth of 21% at $35.9 million compared with $29.6 million in the same period last year. Interest income contributed significantly which increased by 34% over the same period last year. Trading income resulted in net gain of $0.6 million compared to a negative trading income of $1.4 million recorded in the same period last year.

Alubaf Reports Earnings Results for the First Quarter of 2014

May 8 14

Alubaf reported earnings results for the first quarter of 2014. The company reported an increase of 35% in net profit at $11.6 million for the first quarter, compared with the same period a year ago. The main driver of the increase in income was core business activity. Net interest income increased by 33% and fee and commission income by 70%, compared with the same period last year.

Alubaf Arab International Bank Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Feb 27 14

Alubaf Arab International Bank announced earnings results for the fourth quarter and full year ended December 31, 2013. Net profit for the fourth quarter of 2013 was $7 million, an increase of 37% over the same period of 2012. Main driver for increase in net profit was gross interest income, which contributed to 67% of operating income.
For the year, net profit surged to $37 million, an increase of 22% over 2012's $30 million. The average return on equity ratio stood at 12%.

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